SmartyPants partnered with crowdfunding platform CircleUp to score USD 2.59 million in financing from new and current investors.

J.C. Penney announced the company's performance in the last quarter showed a severe drop in sales.

H.I.G. Capital-backed Harrison Gypsum acquired the Eagle Ford Division of Pinnacle Materials. Global private equity investment company H. I. G. Capital announced the acquisition of the Eagle Ford Division of Pinnacle Materials.

A Reuters report stated that Amazon Inc invested a massive USD13.9 million on warehouse facilities to strengthen its expansion.

BHP Billiton finally makes a major investment after declaring last year that the mining company will not partake in any big expenditures.

Home Deport benefited from the recovery of the US housing market. The revitalization of the U. S. housing market helped Home Depot Inc. top the quarterly profit and sales assessments made by analysts on Tuesday.

KKR inked a definitive agreement to buy RigNet Inc from Cubera. Leading investment company Kohlberg Kravis Roberts & Co (KKR) signed a definitive agreement to acquire RigNet Inc.

Semiconductor company Ambiq Micro raised USD 10 million for its Series B round. Texas-based Ambiq Micro closed its Series B funding round with USD 10 million.

Hannover Re said it was in talks with Lloyd's Banking Group-owned Heidelberger Leben for a possible purchase of a minority stake.

An industry observer concluded that Amazon lost around USD5 million in revenue when the e-commerce site went down 1PM Pacific time today.